Global private equity firm Warburg Pincus has acquired a minority stake in INEA, a Polish telecommunications operator. The investment is intended to fund the expansion of INEA’s Next Generation Access (NGA) network of cable television and high speed internet offerings throughout western Poland, as well as support consolidation of… Read More
Injaro Agricultural Capital Holdings, a West Africa-focused investment adviser, has agreed to acquire a 30 percent stake in Neema Agricole du Faso (Nafaso), a seed producer based in Burkina Faso. The investment is intended to increase Nafaso’s production of agricultural seeds, which it supplies to small farmers in West… Read More
STC Ventures Fund, a Saudi Arabia-focused venture capital fund managed by Iris Capital Management, has acquired a minority stake in Saudi Arabian software company Acadox. STC Ventures is anchored by Saudi Arabian telecommunications company STC Group. Acadox was developed through the New Ventures & Entrepreneurship Program of King Abdullah… Read More
Chinese investment firm CDH Investments has acquired an 8.54 percent stake in Man Wah, a Chinese furniture manufacturer, for HKD700 million (approximately US$90 million) via the purchase of convertible bonds. Man Wah was listed on the Hong Kong Stock Exchange in 2010 following its delisting from the Singapore Stock… Read More
Nitrous.IO, a Singapore-based software company, has received a US$1 million investment from a consortium of investors led by global venture capital firm Bessemer Venture Partners. Nitrous.IO, which changed its name from Action.IO following the financing round, builds cloud-based software development environments. The company plans to add additional features to… Read More
Mercatto, a Brazil-focused investment firm, has invested in Brazilian dairy products maker Laticínios São Vicente. The company produces a range of cheeses, which it sells to supermarkets and restaurants under the São Vicente and Montagnard brands. Financial details of the transaction were not disclosed; however, Mercatto reportedly acquired over… Read More
U.S.-based alternative asset management firm Tano Capital has invested INR800 million (approximately US$18 million) in Shree Shubham Logistics (SSLL), an Indian logistics company. SSLL, which currently manages 90 warehouses in three Indian states, provides storage and preservation services. Proceeds from the investment are intended to fund the company’s geographic… Read More
Global private equity firm Warburg Pincus has acquired a minority stake in AVTEC, an Indian manufacturer of engineering products and automotive components. As part of the investment, Warburg purchased the stake previously held by emerging markets investment firm Actis, which invested US$17.8 million in AVTEC in 2005. Financial details… Read More
Emerging markets-focused debt and equity fund manager Cordiant Capital has held a first close on its fourth debt fund, Cordiant Emerging Loan Fund IV, with US$250 million in commitments. The fund, which has raised capital from insurance companies, pension funds and sovereign wealth funds, will focus on issuing senior… Read More
The private equity arm of investment bank Goldman Sachs and Government of Singapore Investment Corporation (GIC) have invested US$100 million in iKang Guobin, a Chinese healthcare company. iKang, which operates healthcare treatment centers in China, plans to use the capital to accelerate the company’s expansion into third- and fourth-tier… Read More
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